A majority of soybean producers facing the possibility of production increases of $22 to $48 per acre in light of Asian soybean rust, and a forecast of heavy infestations of soybean aphids, would turn to lower-cost post-patent crop protection products as a strategy to preserve profitability.
That is according to results of a producer survey released at this year's Commodity Classic.
Sponsored by United Phosphorus Inc., a leading manufacturer and supplier of post-patent crop protection products, the survey indicated that nearly one in two soybean producers believe they will need to spray for soybean rust in 2005. Asked if they would apply a post-patent solution to control soybean rust or soybean aphids, more than 80 percent indicated they would. And 62 percent of the respondents said a low cost post-patent option for soybean rust would be very appealing to them.
“The survey results show growers are becoming more familiar and comfortable with the use of post-patent products and the value these products provide,” says Jeff Pritchard, vice president and general manager for UPI. “With the uncertainty soybean growers face this year, minimizing crop protection input costs is top-of-mind and post-patent products can deliver both performance and value.”
“Providing crop protection products at a value where everyone wins is a key focus at UPI,” says Pritchard. “The survey results show growers are embracing products that offer them good value along with effective control of crop pests. As production costs continue to rise, particularly in soybean production, we expect more and more growers to move to post-patent products.”
Go to www.upi-usa.com for more data.